MarketAxess Holdings Inc
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- Market Cap.:
- $10.45 billion
- Book Value:
- Revenue TTM:
- $735.41 million
- Operating Margin TTM:
- Gross Profit TTM:
- $665.34 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
MarketAxess Holdings Inc had its IPO on 2004-11-05 under the ticker symbol MKTX.
The company operates in the Financial Services sector and Capital Markets industry. MarketAxess Holdings Inc has a staff strength of 744 employees.
Shares of MarketAxess Holdings Inc opened at $277.59 at the start of the last trading session i.e. 2023-06-02.
The stocks traded within a range of $275.17 - $282.89, and closed at $281.51.
This is a +1.51% increase from the previous day's closing price.
A total volume of 270,643 shares were traded at the close of the day’s session.
In the last one week, shares of MarketAxess Holdings Inc have increased by +1.94%.
MarketAxess Holdings Inc's Key Ratios
MarketAxess Holdings Inc has a market cap of $10.45 billion, indicating a price to book ratio of 10.3788 and a price to sales ratio of 14.8604.
In the last 12-months MarketAxess Holdings Inc’s revenue was $735.41 million with a gross profit of $665.34 million and an EBITDA of $388.66 million. The EBITDA ratio measures MarketAxess Holdings Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, MarketAxess Holdings Inc’s operating margin was 45.43% while its return on assets stood at 12.52% with a return of equity of 24.16%.
In Q1, MarketAxess Holdings Inc’s quarterly earnings growth was a positive 14.6% while revenue growth was a positive 9.2%.
MarketAxess Holdings Inc’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $6.91 per share while it has a forward price to earnings multiple of 37.7358 and a PEG multiple of 2.7842. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into MarketAxess Holdings Inc’s profitability.
MarketAxess Holdings Inc stock is trading at a EV to sales ratio of 14.607 and a EV to EBITDA ratio of 25.9204. Its price to sales ratio in the trailing 12-months stood at 14.8604.
MarketAxess Holdings Inc stock pays annual dividends of $2.82 per share, indicating a yield of 1.04% and a payout ratio of 41.16%.
Balance sheet and cash flow metrics
- Total Assets
- $1.63 billion
- Total Liabilities
- $425.61 million
- Operating Cash Flow
- Capital Expenditure
- $10.91 million
- Dividend Payout Ratio
MarketAxess Holdings Inc ended 2023 with $1.63 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.63 billion while shareholder equity stood at $1.12 billion.
MarketAxess Holdings Inc ended 2023 with $0 in deferred long-term liabilities, $425.61 million in other current liabilities, 123000.00 in common stock, $1.15 billion in retained earnings and $154.79 million in goodwill. Its cash balance stood at $332.78 million and cash and short-term investments were $332.78 million. The company’s total short-term debt was $81,317,000 while long-term debt stood at $0.
MarketAxess Holdings Inc’s total current assets stands at $1.11 billion while long-term investments were $106.67 million and short-term investments were $106.67 million. Its net receivables were $658.44 million compared to accounts payable of $46.67 million and inventory worth $0.
In 2023, MarketAxess Holdings Inc's operating cash flow was $-32754000.00 while its capital expenditure stood at $10.91 million.
Comparatively, MarketAxess Holdings Inc paid $0.41 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
MarketAxess Holdings Inc stock is currently trading at $281.51 per share. It touched a 52-week high of $398.8189 and a 52-week low of $398.8189. Analysts tracking the stock have a 12-month average target price of $347.
Its 50-day moving average was $321.13 and 200-day moving average was $296.11 The short ratio stood at 3.81 indicating a short percent outstanding of 0%.
Around 245.4% of the company’s stock are held by insiders while 9991.8% are held by institutions.
Frequently Asked Questions About MarketAxess Holdings Inc
Similar Industry Stocks (Capital Markets)
MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. It offers the access to liquidity in the U.S. investment-grade bonds, U.S. high-yield bonds, and U.S. Treasuries, as well as municipal bonds, emerging market debts, Eurobonds, and other fixed-income securities. The company, through its Open Trading protocols, executes bond trades between and among institutional investor and broker-dealer clients in an all-to-all anonymous trading environment for corporate bonds. It also offers trading-related products and services, including composite+ pricing and other market data products to assist clients with trading decisions; auto-execution and other execution services for clients requiring specialized workflow solutions; connectivity solutions that facilitate straight-through processing; and technology services to optimize trading environments. In addition, the company provides various pre-and post-trade services, such as trade matching, trade publication, regulatory transaction reporting, and market and reference data across a range of fixed-income and other products. MarketAxess Holdings Inc. was incorporated in 2000 and is headquartered in New York, New York.